Other research analysts have also recently issued research reports about the company. Kepler Capital Markets upgraded Rolls-Royce to a hold rating and boosted their price target for the stock from GBX 815 ($10.51) to GBX 975 ($12.58) in a research note on Monday, June 25th. Deutsche Bank boosted their price target on Rolls-Royce from GBX 880 ($11.35) to GBX 900 ($11.61) and gave the stock a hold rating in a research note on Friday, August 3rd. Credit Suisse Group cut their price target on Rolls-Royce from GBX 785 ($10.13) to GBX 780 ($10.06) and set an underperform rating on the stock in a research note on Monday, June 4th. Liberum Capital reiterated a hold rating on shares of Rolls-Royce in a research note on Thursday, June 14th. Finally, JPMorgan Chase & Co. cut their price objective on Rolls-Royce from GBX 950 ($12.25) to GBX 800 ($10.32) and set a neutral rating on the stock in a research note on Friday, June 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Rolls-Royce has an average rating of Hold and an average target price of GBX 956.73 ($12.34).
Shares of LON RR opened at GBX 970.80 ($12.52) on Wednesday. Rolls-Royce has a 1-year low of GBX 733.50 ($9.46) and a 1-year high of GBX 994.50 ($12.83).
The company also recently disclosed a dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Thursday, October 25th will be paid a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 0.45%. The ex-dividend date of this dividend is Thursday, October 25th.
In related news, insider Lee Hsien Yang bought 90 shares of the stock in a transaction dated Tuesday, August 7th. The stock was bought at an average cost of GBX 1,091 ($14.07) per share, with a total value of £981.90 ($1,266.64). Also, insider Ruth Cairnie bought 196 shares of the stock in a transaction dated Monday, July 9th. The shares were bought at an average cost of GBX 991 ($12.78) per share, with a total value of £1,942.36 ($2,505.62). Insiders have acquired 8,336 shares of company stock worth $9,083,026 in the last 90 days.
Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.
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